Emissions Taxes and Abatement Regulation Under Uncertainty
研究企业在不确定减排成本下投资减排技术时，排放税与直接规制或补贴的组合如何平衡投资激励与产出效率，对政策设计有参考价值。
We consider environmental regulation in a context where firms invest in abatement technology under conditions of uncertainty about subsequent abatement cost, but can subsequently adjust output in the light of true marginal abatement cost. Where an emissions tax is the only available instrument, policy faces a trade-off between the incentive to invest in abatement technology and efficiency in subsequent output decisions. More efficient outcomes can be achieved by supplementing the emissions tax with direct regulation of abatement technology, or by combining the tax with an abatement technology investment subsidy. We compare the properties of these alternative instrument combinations.